Citron Research, a well-known short-selling institution, has announced it is taking a short position in MicroStrategy, a company that has made significant investments in Bitcoin. This has caused MicroStrategy’s stock price to drop by as much as 30%. Citron Research has a history of targeting companies and causing their stock prices to drop, but it has also had losses in the past.
MicroStrategy, founded by Michael Saylor, has become the world’s largest publicly traded company holder of Bitcoin and has made substantial profits from its investment strategy. Citron Research’s short position in MicroStrategy has reignited the debate about whether it is a smart move or a mistake.
